Days Range
Company | LTP | Change | Day Range |
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Sector Name | Advances | No Change | Declined |
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BSE IPO is a strategy index on the Bombay Stock Exchange (BSE) which captures the performance of a select group of companies after they have been listed on BSE, i.e., post completion of their initial public offering, over a one-year period. It is the only index in India that deals with newly listed IPO companies’ performance.
The S&P BSE IPO index is a diversified index of 54 stocks that span 14 sectors, including Finance, FMCG, Healthcare, Chemical & Petrochemical, Transport Services, Tourism, Transport Equipment, Housing Related, IT, Capital Goods, Consumer Durables, Agriculture, Textile, and Metal, Metal Products & Mining.
This S&P BSE IPO index was launched on August 24, 2009, with the first value date as May 3, 2004, and with base value at 1000. Since its inception, the S&P BSE IPO share price has breached the levels of 9,000 at ~102.36x P/E multiples.
The index value is calculated based on a modified market-cap-weighted method on a real-time basis. It is rebalanced every month, with each constituent stock capped at 20%.
S&P BSE IPO index is managed and governed by S&P BSE Index Committee set up under Asia Index Private Ltd, which is a joint venture of S&P and BSE Ltd. The BSE IPO index is calculated in two currencies: INR and USD; for USD, spot foreign exchange rates are applied from Refinitiv’s data. It has an index variant in both the currencies, named S&P BSE IPO TR.
The BSE IPO share price is computed by weighting its 54 stocks based on float-adjusted capped market capitalization, using the divisor methodology of the S&P Dow Jones equity indices.
The securities must fulfil the following eligibility criteria to be included in the BSE IPO index:
The index value is calculated as follows –
Index value = Index Market Value / Divisor
Where,
Index Market Value = Price * Shares * IWF (Float Factor) * AWF
AWF = Additional weight factor to maintain stock weight constraints
Divisor after rebalancing = Market Value after rebalancing/ Index Value before rebalancing
The BSE IPO index is reconstituted every month, which becomes effective on the Monday that follows the third Friday of each month.